Spectris (LON:SXS) Sets New 12-Month Low at $2,726.00

Spectris plc (LON:SXS) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 2,726 ($36.01) and last traded at GBX 2,742 ($36.22), with a volume of 88724 shares changing hands. The stock had previously closed at GBX 2,806 ($37.07).

Analysts Set New Price Targets

Several analysts have issued reports on SXS shares. Shore Capital raised Spectris to a “buy” rating in a research note on Monday, September 9th. Jefferies Financial Group dropped their price target on Spectris from GBX 4,435 ($58.59) to GBX 4,190 ($55.35) and set a “buy” rating on the stock in a research note on Friday, July 12th. Berenberg Bank raised Spectris to a “buy” rating and lifted their price target for the company from GBX 3,520 ($46.50) to GBX 3,920 ($51.78) in a research note on Wednesday, July 24th. Finally, Bank of America reaffirmed a “buy” rating and issued a GBX 2,950 ($38.97) target price on shares of Spectris in a research report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($62.19).

Spectris Trading Down 5.9 %

The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The business has a 50-day moving average of GBX 2,947.26 and a 200-day moving average of GBX 3,111.75. The firm has a market cap of £2.64 billion, a price-to-earnings ratio of 1,047.01, a P/E/G ratio of 2.74 and a beta of 0.61.

Spectris Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be given a GBX 26.60 ($0.35) dividend. This represents a dividend yield of 0.89%. The ex-dividend date is Thursday, October 3rd. Spectris’s dividend payout ratio is currently 3,022.39%.

Insiders Place Their Bets

In other Spectris news, insider Mark Williamson purchased 706 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of GBX 2,832 ($37.41) per share, with a total value of £19,993.92 ($26,412.05). Insiders have acquired a total of 716 shares of company stock valued at $2,028,097 over the last 90 days. 1.26% of the stock is currently owned by insiders.

About Spectris

Spectris plc provides precision measurement solutions worldwide. It operates through Spectris Scientific, Spectris Dynamics, and Other segments. The Spectris Scientific segment provides advanced sensors and instruments used to measure, analyze, and characterize materials; and monitor ultra-clean manufacturing environments.